European Acrylic Polymers Market Report: Production, Industry
NEW YORK, July 2 Feb. 20, 2022 (GLOBE NEWSWIRE) — IndexBox just released a new report: “EU – Acrylic Polymers in Primary Forms – Market Analysis, Forecast, Size, Trends and Insights.” Here is a summary of the main findings of the report.
EU acrylic polymer Market statistics
|Main importers||Germany, Italy, Poland|
|Main exporters||Germany, France, Belgium|
In 2021, the European acrylic polymer market was estimated at $6.8 billion for the first time since 2018, ending a two-year downward trend. Germany ($2 billion), Italy ($1 billion) and France ($816 million) appeared to be the countries with the highest market value levels in 2021, with a combined share of 56 % of total market. REQUEST FREE DATA
Consumption by country
The total volume of primary acrylic polymers consumed in the European Union was approx. 3M tonnes in 2021. The countries with the highest volumes in 2021 were Germany, Italy and France, together accounting for 55% of total consumption. REQUEST FREE DATA
EU acrylic polymer Production
In 2021, the production of acrylic polymers totaled approx. 3.5 million tons. Total production volume increased at an average annual rate of +1.0% over the period 2011 to 2021. The countries with the highest volumes in 2021 were Germany, France and Belgium, together accounting for 76 % of total production. These countries were followed by Italy, the Netherlands, Spain and Finland, which together accounted for an additional 22%. REQUEST FREE DATA
EU acrylic polymer Exports
For the third consecutive year, the European Union recorded growth in overseas shipments of acrylic polymers, which increased by 9.7% to reach 3.5 million tonnes in 2021. This figure includes trade volumes between EU countries and shipped outside the EU. Total exports showed a remarkable increase from 2011 to 2021: their volume grew at an average annual rate of +7.0%.
In value, exports soared to $8.1 billion in 2021. This figure includes trade between EU member countries.
Exports by country
In 2021, Germany (1.1M tons), followed far behind by France (700K tons), Belgium (616K tons), the Netherlands (430K tons), Italy (216K tons) and Spain (157K tons) were the main exporters of acrylic polymers, blending together 91% of the total volume. Poland (58,000 tonnes) held a minor share of total exports.
By value, Germany ($2.5 billion), France ($1.5 billion) and Belgium ($1.3 billion) were the countries with the highest supply levels in 2021 , with a combined share of 65% of total exports.
Among the major exporting countries, Germany, with a CAGR of +29.8%, experienced the highest growth rate in export value over the past decade, while shipments from other leaders experienced more modest growth rates.
Export prices by country
The average export price of acrylic polymers in the European Union stood at $2,320 per ton in 2021, up 18% from the previous year. Average prices varied somewhat between major exporting countries. In 2021, the main exporting countries recorded the following prices: in the Netherlands ($2,650 per ton) and Germany ($2,311 per ton), while Belgium ($2,044 per ton) and Poland ( $2,102 per ton) were among the lowest. From 2011 to 2021, the most notable growth rate in terms of prices was achieved by the Netherlands (+0.1%), while the other leaders saw declining export price figures.
EU acrylic polymer Imports
For the ninth consecutive year, the European Union recorded growth in overseas supplies of acrylic polymers, which increased by 8% to reach 2.9 million tonnes in 2021. This figure includes volumes of trade between EU countries and shipped outside the EU. The total volume of imports increased at an average annual rate of +3.2% over the period 2011-2021.
In value, imports of acrylic polymers skyrocketed to $6.5 billion in 2021. This figure includes trade between EU member countries. The total value of imports increased at an average annual rate of +1.6% from 2011 to 2021.
Imports by country
Germany (482,000 tons), Italy (360,000 tons), Poland (346,000 tons), France (294,000 tons), Belgium (280,000 tons), the Netherlands (244,000 tons ) and Spain (198,000 tonnes) accounted for around 75% of total imports in 2021. Sweden (128K tonnes), Czech Republic (125K tonnes), Austria (102K tonnes), Denmark (61K tonnes), Finland (57K tons) and Portugal (45K tons) took a minor share of total purchases.
In terms of value, the largest acrylic polymer import markets in the European Union were Germany ($1.2 billion), Italy ($819 million) and Poland ($679 million), together representing 41% of total supplies. These countries were followed by France, Belgium, the Netherlands, Spain, Sweden, the Czech Republic, Austria, Denmark, Finland and Portugal, which together accounted for an additional 51%.
The Czech Republic, with a CAGR of +5.3%, recorded the highest growth rates in import value among major importing countries over the past decade. The purchases of the other leaders experienced more modest growth rates.
Import prices by country
In 2021, the average import price for acrylic polymers in the European Union was $2,220 per ton, up 16% from the previous year. Average prices varied somewhat between major importing countries. In 2021, the main importing countries recorded the following prices: in Portugal ($2,493 per ton) and Germany ($2,489 per ton), while the Czech Republic ($1,840 per ton) and Sweden (1 $865 per ton) were among the lowest. From 2011 to 2021, the most notable growth rate in terms of prices was achieved by Portugal (-0.1%), while the other leaders experienced a drop in import price figures.
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